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The myth of active hedge fund management
A new academic study adds yet further proof to the growing mountain of evidence that "active management" is largely a myth, at least among hedge fund managers. Mikhail Tupitsyn and Paul Lajbcygier of Monash University in Australia highlight that not only are two out of three hedge fund managers actually "passive" in their investing approach, even those that are active managers at first tend to become passive over time.
The authors also point out that passive managers tend to outperform active managers, especially over the long run.
Read the details at ValueWalk.